DAR crypto gains 30% and volume rockets 400%: Why is it rallying?

May 04, 2022 06:24 PM AEST | By Raza Naqvi
 DAR crypto gains 30% and volume rockets 400%: Why is it rallying?
Image source: © Bravissimos | Megapixl.com

Highlights

  • The DAR crypto got listed on Binance Futures and Bybit, one of the leading cryptocurrency exchanges worldwide.
  • Notably, the DAR crypto has been rising amid volatile market conditions for the past few days.
  • In November last year, the DAR crypto had achieved an all-time high of US$ 4.91 apiece.

Mines of Dalarnia (DAR) cryptocurrency has gained investors' attention over the past few days, as evident by the increase in the price of virtual currency.

As of writing, the price of the DAR crypto was up by about 30 per cent in the last 24 hours, and it was trading at US$ 1.58 per token. Meanwhile, the one-day volume of the gaming token surged over 400 per cent to US$ 826.9 million, as per CoinMarketCap data.

Despite the rise in the price of the DAR crypto, the cryptocurrency market was trading in the red. The total crypto market volume was down by 14.3 per cent to US$ 72.73 billion, and the market cap had declined to US$ 1.73 trillion.

Why is DAR crypto rising?

On its Twitter account, the Mines of Dalarnia network announced that its servers would be back online on Wednesday, May 4, and the patch nodes would be delivered a couple of hours in advance.

Also, the DAR crypto got listed on Binance Futures and Bybit, one of the leading cryptocurrency exchanges worldwide. Mines of Dalarnia announced that traders can now trade DAR/USDT perpetual contracts on both exchanges.

Also Read: ANKR crypto price is down and volume is up 18%. What's next for Ankr?

Notably, the DAR crypto has been rising amid highly unstable market conditions for the past few days. The crypto market has increased volatility since the war broke out between Russia and Ukraine.

As per CoinMarketCap data, the DAR crypto gained 56 per cent in the last seven days and 33 per cent in a month.

DAR crypto

Bottom line

Mines of Dalarnia is a play-to-earn game along with a blockchain real-estate market. Meanwhile, the DAR crypto is the native token of the action-adventure game.

The game allows players to mine and integrates in-game items. Also, they can reportedly make a profit by collecting rare items and trading them in a marketplace.

There are approximately 185.6 million DAR tokens in circulation, and the total supply is 800 million tokens. In November last year, the DAR crypto had achieved an all-time high of US$ 4.91 apiece.

Also Read: Bitcoin SV (BSV) crypto records surge in price and volume. What's next?

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